Atlassian price target lowered to $165 from $195 at Barclays

Barclays lowered the firm’s price target on Atlassian to $165 from $195 and keeps an Equal Weight rating on the shares post the fiscal Q1 report. The company’s cloud revenue growth was slightly lower than high expectations, though data center sales were solid, the analyst tells investor sin a research note. Overall, server migrations to cloud could take longer than investors expect, says the firm.